# DHT Holdings reports strong VLCC earnings

- **Source:** https://pelavox.com/dht-holdings-reports-strong-vlcc-earnings/
- **Publisher:** pelavox. (The voice of shipping)
- **Author:** pelavox. Newsroom
- **Published:** 2026-10-12T11:00:00+00:00
- **Updated:** 2026-10-12T09:13:27+00:00
- **Section:** Business / Company Results
- **Type:** News
- **Topics:** DHT Holdings

DHT Holdings has reported preliminary earnings estimates for the third quarter of 2026, alongside an update on vessel bookings for the final quarter of the year.

The tanker operator estimates average time charter equivalent (TCE) earnings of $141,300 per day across its fleet during the third quarter. The figure includes an estimated $167,100 per day for VLCCs operating in the spot market and $114,200 per day for vessels employed under time charter agreements.

The company’s estimates are based on 2,055 revenue days during the July–September period, including 1,054 days attributable to spot market operations.

## Fourth-quarter VLCC bookings reach higher rates

DHT also reported that approximately 50% of its available spot days for the fourth quarter of 2026 have been booked at an average rate of $509,100 per day, calculated on a discharge-to-discharge basis.

Including both spot market employment and time charter agreements, the company estimates that approximately 78% of its available revenue days for the fourth quarter are covered at an average rate of $225,200 per day.

The figures reflect bookings secured and estimates available at the time of the company’s business update, rather than final earnings for the quarter.

The fourth-quarter spot booking rate is also presented on a discharge-to-discharge basis, while the third-quarter figures are reported as estimated TCE earnings. As a result, the two measures should not be treated as directly comparable.

DHT has not provided estimates for the remaining unbooked spot days or final fourth-quarter fleet earnings in this announcement.

The third-quarter figures remain preliminary, while the fourth-quarter update provides an indication of the company’s contracted and booked vessel employment for the remainder of 2026.

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Cite as: "DHT Holdings reports strong VLCC earnings", pelavox., 12 October 2026, https://pelavox.com/dht-holdings-reports-strong-vlcc-earnings/